Huntsville gazette., 1887-12-03
THE MINT CROP.
Synopsis of the Annual Report of the Di-
rector of the Mint to the Secretary of the
Treasury, Embracing All the Pertinent
Facts and Figures.

rector of the Mint to the Secretary of the
Treasury, Embracing All the Pertinent
Facts and Figures.
WASHINGTON, Nov. 2S.-The Director Of
the Mint has submitted to the Secretary
Of the Treasury his annual report of the
operations of the mints and assay offices
for the fiscal year 1887.
The value of the gold and silver re-
ceived at the mints and assay offices dur
ing the year was great er than in any pre-
vious wear since 1881. The value of the
gold deposited was $6S, ,223, or. In addi-
tion there were redeposits of the value of
$15, 1893, 706
The value of the silver deposited and
purchased was SAT, 756, 91S. In addition
there was redeposited silver amounting to
S462, 113.
OF the gold deposited $32, 973,027 was Of
domestic production, so, 81, 1923 of foreign
gold bullion, So, $685. 512 of foreign gold coin,
S516,9S4 of United States gold coin and 81
265, ,219 of old material.
The coinage of the fiscal year was as fol.
lows; Gold, 3,724.720 pieces, value, So, :
593, ,279; silver, "A, 231, 2SS pieces, value, $34,
866, ,4S3; minor coins, 80, 166,509 pieces val
ue, S943, $50.
ing the year, gold and silver bars were
manufactured as followed: Gold, SoS, lSo,.
053; silver, $6,4S1,6 ,611.
The silver bullion purchased during the
wear for the silver dollar coinage was 49,,
433, ,342 standard ounces, of the cost OF
S25, ,9SS, $40 The average cost was 50 SO.
1912 per fine ounce The average London
price for the year, at the average rate OF
exchange was sos. 14S. The number OF
silver dollars made was SO, 266,S31.
Ten million, nine hundred and one thou.
sand, nine hundred and twenty eight
silver dollars were distributed from the
mints during the year, and $l0 0OC
transferred to the treasury.
The seignorage on the silver dollars
coined during the year was 81 1928, 55S, and
on the subsidiary silver $31, 704. The mum
Der of trade dollars redeemed by the
treasury of the United States under pro
visions Of the act Of March 8, 1887, au-
thorizing their redemption was 1853, 036
The number imported from the passage Of
the act to September 4, 1887, was $50, SOL
The trade dollars redeemed have all been
transferred to the mints or the assay office
at New York and melted into bars ready
for coinage.
The loss by abrasion was 40,21o. z
standard ounces, equivalent to 1926
trade dollars. If the trade dollars re
/ deemed are coined into subsidiary silve
\ the profit, exclusive of operativ
wasteage win be $631, ,574. If coinet
/ into standard silver dollars, $93,004.
The mint at Philadelphia has beel
taxed to its utmost capacity to execut
the large minor coinage demanded of
in addit ion to the mandatory coina1ge o
I silver dollars. Notwithstanding the larg
number of pieces struck, the demand TO
minor coins is still far beyond the capa
/ city of the mint to promptly fill tn
| orders.
\ The expenditures for the service of tn
I mints and assay offices during the yea
were 81, 169, 500. The expenses of the acit
/ refineries were $165. S37, against an earning
/ of S143, 25S The total earnings from al
sources amounted to S. S42,S19, and th
| total expenditures and losses of all kind
to 81, 437,4 ,432.
| The value of the gold and silver bars is
/ sued from the United States Assay Offic'
at New York and the mint at Phil adel
phia for use in the industrial arts during
the year was S., S95, 10 gold and S4,471, ,64
silver.
! The director estimates the stock of coin
in the United States to have been on the
first of July 1887, gold, 1863, ,0O8,065; silver
$342 357 ,916 In addition there was bull
ion in the mints as follows: Gold, $50, ,512
270; silver, $40, 455, $50.
The director estimates the stock of gold
and silver coin in the United States OF
November ], 1887, to have been: Gold
$574, ,927, ,S73; silver dollars, $2l7, ,157
subs idiary silver, S75, 75S, 1876.